United States · Bill · HJRES
H.J.Res. 59 (119th)
Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".
Introduced
13 February 2025
Last action
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Status
Placed on the Union Calendar, Calendar No. 16.
Sponsors
—
Subjects
Discovery layer
Source updated
27 July 2026
Summary
This joint resolution nullifies the final rule issued by the Consumer Financial Protection Bureau titled Overdraft Lending: Very Large Financial Institutions and published on December 30, 2024. The rule revises provisions regarding charges for insufficient funds in a customer’s bank account (i.e., overdrafts) at very large financial institutions. Under the rule, these institutions must (1) cap overdraft charges at $5; (2) with justification, cap charges at a higher amount; or (3) handle overdrafts as credit and comply with applicable Truth in Lending Act disclosure requirements.
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Documents
3 official files
Reported in House
Reported in House
Reported in House · EN · 21 March 2025
Introduced in House
Introduced in House · EN · 13 February 2025
Introduced in House
summary · EN · 13 February 2025
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/119th-congress/house-joint-resolution/59
- Open data entity: https://api.congress.gov/v3/bill/119/hjres/59